CDFI Bond Guarantee Program Improvement Act of 2022
This bill permanently reauthorizes and otherwise revises the Community Development Financial Institutions (CDFI) Bond Guarantee Program. Specifically, the bill (1) reduces the CDFI Bond Guarantee Program minimum issuance amount from $100 million to $25 million, and (2) reduces the amount allowed to be held in a CDFI's relending account.
(CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides financing to CDFIs through federal credit subsidies that allow CDFIs to issue bonds.)
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2022-09-20 | Committee | Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. | Senate |
| 2022-04-26 | Committee | Committee on Banking, Housing, and Urban Affairs. Hearings held. | Senate |
| 2022-01-05 | IntroReferral | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2022-01-05 | Committee | Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. | Senate |
| 2022-01-05 | IntroReferral | Introduced in Senate | Library of Congress |